Old Bridge Mutual Fund launches flexicap; Groww unveils hospitals ETF
Old Bridge Mutual Fund has launched a flexi-cap scheme, while Groww Mutual Fund introduced the industry-first BSE Hospitals ETF tracking listed hospital companies
 "Old Bridge Mutual Fund launches flexicap; Groww unveils hospitals ETF")
Old Bridge Mutual Fund launches flexicap fund
Old Bridge Mutual Fund (MF) on Wednesday announced the launch of its second equity scheme — Old Bridge Flexi Cap Fund. The scheme will invest across large-cap, mid-cap and small-cap stocks. The offering, the fund house said, will follow a “bottom-up, business-by-business investment approach, with capital allocation driven by quality of business and longevity of growth, rather than mechanical allocation across market capitalisations”. The scheme will be managed by Kenneth Andrade, founder and chief investment officer of Old Bridge Asset Management.
Groww MF launches industry-first BSE Hospitals ETF
Groww Mutual Fund (MF) on Wednesday announced the launch of the BSE Hospitals ETF, an industry-first offering that will invest in hospital stocks in India. The BSE Hospitals Index tracks listed hospital companies selected from the BSE 1000 universe and follows a diversified, rules-based approach, the fund house said in a release. “Rising utilisation, broader insurance coverage, and demographic trends are steadily shaping demand for organised hospital services,” said Varun Gupta, chief executive officer (CEO), Groww MF.
BHEL OFS overbooked; bids top shares on offer
Bharat Heavy Electricals Ltd’s (BHEL) offer for sale (OFS) on Wednesday was oversubscribed, with bids exceeding the shares on offer. Exchange data showed demand for 220.8 million shares against 174 million shares on offer. The floor price for the issue was fixed at ₹254 per share, with most bids coming in at ₹256. BHEL shares fell 5.6 per cent in secondary market trading to close at ₹260.7. As of the end of the December 2025 quarter, the government held a 63.17 per cent stake in the company. Through the OFS, the Government of India is selling a 5 per cent stake in the state-owned capital goods major.
Aye, Fractal IPOs scrape through on final day
The initial public offering (IPO) of micro-loan provider Aye Finance scraped through, aided largely by bids from institutional investors on the last day. Aye Finance’s issue was subscribed 0.97x. Meanwhile, AI analytics firm Fractal Analytics’ IPO saw 2.7x subscription. The retail portion of Aye Finance remained undersubscribed, while that of Fractal Analytics was subscribed 1.03x. The muted response came despite both companies scaling down their issue sizes.
NIIF sells 1.92% in Ather Energy holding
National Investment and Infrastructure Fund (NIIF) II on Thursday sold shares worth ₹521 crore in electric scooter maker Ather Energy. NIIF sold 1.92 per cent stake (7.33 million shares) at ₹710 apiece. Among the buyers were Tata AIG Life, ICICI Prudential MF, and Aditya Birla MF.